A state of the art DEX built on a sharded architecture, w/ 100% community ownership.
Unveiling Elrond Superwave, a $1.29 Billion USD liquidity mining incentive program for 1y, w/ $282M for first month. elrond.com/blog/elrond-su…
2/ The Maiar DEX opens an opportunity unlike any other.
It will be the prime liquidity gateway for the entire Elrond ecosystem.
Owning a piece of it, is like owning a piece of the very foundation of the new web.
3/ The Maiar DEX brings the largest DeFi incentive program to date, pushing DeFi adoption beyond current boundaries.
$1.29 billion dollars worth of MEX tokens - of which $282M in the first month - will be shared w/ users who provide liquidity in $EGLD, MEX, LKMEX & wrapped USDC.
4/ The @MaiarExchange has been designed, prototyped, developed, and tested with a security-first approach in mind, in a strategic collaboration with @rv_inc, who has conducted thorough audits of all the components of the DEX.
5/ The Maiar DEX would not have reached this remarkable milestone without the insane efforts put in by the Elrond team, pushing day and night for months to reach this point.
6/ Big shoutout to the Elrond community, who stress-tested the platform and provided valuable feedback about its features. The Maiar Exchange is now ready to take the DeFi ecosystem to the next level of scalability and adoption.
7/ It is now time to distribute the Maiar DEX ownership to the next billion users and lay the foundation for a truly global financial system that is accessible to everyone, everywhere.
1/ Today is a grand day for Elrond, and the Maiar DEX. 🌕
Last days have been insane, hyper focused on putting all the pieces together for the launch.
We are now almost ready.
Here's the plan.
2/ To have the full DEX launch we need:
1. Maiar DEX to be ready 2. USDC bridge to be enabled 3. USDC/EGLD pair opened + swaps to be enabled 4. Grand official launch, w/ EGLD/MEX swaps + MEX rewards turned on
3/ So where are we?
Everything related to the Maiar DEX is fully ready.
1/ Everything mankind has achieved was through building.
Cities. Roads. Hospitals. Engines. Power plants. Industries. Institutions. The internet.
Financial systems enabling them to operate and grow.
2/ Everything mankind is yet to achieve will be through building.
New energy. Biotech. Starships. AI. A better world.
Connected by a h/ bandwidth, l/ latency, transparent financial system, accessible to anyone, enabling exchange of value globally, instantly, inexpensively.
3/ With all essential components in place, it’s time for the @ElrondNetwork ecosystem to scale. Bigger, cheaper, faster.
It’s time for builders to pick up the tools and shape the future of finance, governance, industry, gaming, art, commerce.
3/ Second, staking 3.5 is a big milestone that went live on Monday, improving stake fluidity and expanding the Elrond validator ecosystem, enabling even further decentralization.
Elrond is live. The ecosystem is vibrating. Community is rocking it. Validators are expanding. New tooling coming out every day. 150+ partners pushing to build on Elrond.
20+ partners preparing to launch their tokens on Elrond.
3/ But all of this brings complexity. A huge amount of complexity.
Complexity is like entropy, creeping in everywhere to break things.
Adding debt on all fronts and slowing things down to the point of halt.
Unless things are managed properly, and entropy is reversed.